The government bonds will be settled on Wednesday and mature on Jan. 15, 2020, while the total tender was 2.56 billion Turkish liras ($470 million) with a 71.9-percent accepted/tendered rate.

The interest rate of the 364-day bonds was accepted at a 18.98-percent term rate, with the same annual simple and compound interest rates.

In a second auction on Tuesday, the Treasury borrowed 2.24 billion Turkish liras ($411 million) by issuing five-year CPI-indexed government bonds (semiannually, new issuance), which will be settled on Wednesday and mature on Jan. 10, 2024.

The total tender for the bonds was 3.64 billion Turkish liras ($669 million), with a 61.4 percent accepted/tendered rate.

The ministry said the term rate of 1,820-day bonds was accepted at 2.00 percent, while the annual simple and compound interest rates were 3.99 and 4.03 percent, respectively.